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Your social security benefit will NOT be reduced as a result of your research company, provided you are at least full retirement age.
I'm fine, thank you
Glad to hear that. Do you have any questions about my response?
I don't see your response anywhere.
Okay let me retype it then. Your social security benefit will not be reduced as a result of your activity of your research company, provided that you are at least full retirement age.
Oh, now I see it. So I should apply for SS, if this seems like the right thing to do.
Follow up question. If I apply for benefits in October 2013 (age 65, 8 months) about how much would my benefit be reduced? And I assume
there would be some reduction of benefits for 4 months before reaching full retirement age)
Yes, the reduction would be minimal - around 2%
And would my income for October through Feb 2014 cause a reduction in my benefits for these four months?
You would have a reduction in benefits, since you have substantial activity in self employment.
Thanks much. You've been most helpful. james